Here is a somewhat lengthy video but is quite good. It goes into a long discussion of bullion bank activity and leasing. I think that the silver shorts are still staring into the abyss and are quite concerned about their precarious market positions. But it could have been something more 'official.' The recent rigging of the LIBOR market is not a bad model for the carry on effect of this market operation that I alluded to the other day. However, I think some of the participants who went along for the ride are getting set up as 'the Big Shorts' are trying to offset their untenable risk. Silver looks like a ticking time bomb waiting to blow a hole in the paper markets. Additionally, there was nothing unusual in the lease rates.
